Bhupendra Singh ChundawatDewan Housing Finance Corporation (DHFL) has raised funds worth Rs 1500 crore. The Members of the Finance Committee of the Board of Directors at their meeting held on November 16, 2018, allotted 15,000 Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each aggregating to Rs 1500 crore. DHFL is one of India’s … Read more
Avonmore Capital & Management Services has received an approval for the proposal to transfer of its stake in the non-operating subsidiary companies namely ‘Latitude 23 Communications’ & ‘Almondz Infosystem’ and such transfer will result in cessation of such companies as the subsidiaries of the company. The Board of Directors of the company at their meeting … Read more
TTK Healthcare has entered into an agreement with i-Health, lnc., USA, for distribution of their health and wellness products in India. TTK Healthcare has three Strategic Business Units Pharamaceuticals Divison,Consumer Products Division and Biomedical Devices Division. The company’s brand wagon consists of products that are sought after by a wide range of customers. Bhupendra Singh … Read more
Ipca Laboratories has reported results for second quarter ended September 30, 2018. The company has reported 24.12% rise in its net profit at Rs 119.74 crore for the quarter under review as compared to Rs 96.47 crore for the same quarter in the previous year. Total income of the company increased by 15.57% at Rs 1,011.57 … Read more
Shilpa Medicare has decided to acquire 5.22% stake in Prathijna Sustainable solutions. The Board of Directors of the company at their meeting held on November 14, 2018, decided the same. Shilpa Medicare produces and exports consistently high-quality Active Pharmaceutical Ingredients Fine Chemicals, intermediates, herbal products and speciality chemical products using sophisticated technology, meticulously following international … Read more
Punj Lloyd is reportedly eyeing to expand the scope of its small-arms manufacturing facility in Gwalior in the state of Madhya Pradesh. The unit is likely to start making small-arms such as pistols, mostly for exports, by January 2019. The facility has been mainly focused on exports of assembly components for small-arms. Punj Lloyd is … Read more
Kintech Renewables’ wholly owned subsidiary — Divine Windfarm has sold its wind farm undertaking to third party as identified by the Board of Directors through the execution of Business Transfer Agreement dated November 14, 2018 on a Slump Sale basis for lump-sum consideration. Kintech Renewables is an Independent Power Producer Company engaged in the business … Read more
